IBT Staff Reporter

The U.S. will get its first large scale attempt for capturing carbon emitted from a coal-powered facility in 2011, energy firm Southern Company said Thursday.

Leading flat-screen TV makers, whose sales are holding up even in the global downturn, are placing bets on TVs using light-emitting diode (LED), hoping the slimmer, more power-efficient sets help them fight falling prices and expand their market shares.

U.N. Secretary-General Ban Ki-moon called for a green new deal on climate change on Thursday and urged for a final push in negotiations ahead of a key summit to be held in Copenhagen in December.

Solar power company Yingli Green Energy reported an unexpected quarterly loss as sales volumes and prices fell, and it cut its forecast for full-year sales.

A measure requiring utilities to generate a certain amount of electricity from renewable sources, such as wind and solar, overcame a legislative hurdle in the U.S. Senate on Thursday.

You won't get an email saying Pope Benedict added you as a friend and you can't poke him or write on his wall, but the Vatican is still keen to use the networking site Facebook to woo young people back to church.

The U.S. biofuels industry would be hamstrung if government regulators choose to use unfair and untested formulas that hold it responsible for greenhouse gases from crops overseas, ethanol groups said on Thursday.

Japanese video game maker Capcom Co Ltd said it plans to launch more than 10 titles for Apple Inc's highly popular iPhone in the year to March, cashing in on growing demand for mobile gaming.

Stocks headed for a higher open on Friday as reassuring comments from Moody's tempered fears about the credit rating outlook for the United States, while higher oil prices lifted energy shares like Exxon Mobil.

EBay has won a UK court battle against French cosmetics group L'Oreal, which had claimed the online marketplace was jointly liable for trademark infringements committed by its users.

A Spanish great-grandmother whose blog attracted tens of thousands of readers from around the world has died aged 97 in the northern Spanish province of La Coruna.

World economic grouping OECD said on Monday the global economy had come out of free fall, offering hope of incipient recovery late this year to investors and markets unnerved by rising U.S. government debt.

EBay has won a UK court battle against French cosmetics group L'Oreal which had claimed the online marketplace was jointly liable for trademark infringements committed by its users.

Stock index futures rose on Friday as reassuring comments from Moody's eased fears about the credit rating outlook for the United States, and oil prices bounced higher, lifting energy shares like Exxon Mobil.

The pace of contraction in world economic output appears to be easing and recovery could begin at the end of this year, Organization for Economic Development and Cooperation chief Angel Gurria said on Friday.

The premier of Opel's home state of Hesse said on Friday that Canadian-Austrian group Magna's offer for the carmaker was the most attractive for Germany and that Fiat's rival bid was a disappointment.

Oil firmed above $61 on Friday as fundamental support came from consumer nations such as China, the United States and Africa's top producer Nigeria after weeks of equity-led rallies.

Stock index futures pointed to a higher open on Wall Street on Friday, after the previous session's sell-off, with General Motors in focus after sources said Washington has no plans to push the troubled carmaker into bankruptcy.

Oil hovered above $61 a barrel on Friday, off six-month highs the previous day, as disappointing jobs and factory data dented hopes that the economy of the United States, the world's top energy user, was set for a quick rebound.

A Tokyo park has started playing a high-pitched tone at night that only young people can hear to help drive away teenagers who keep vandalizing the toilets and other facilities.

The dollar fell to a 2009 low on Friday as fears intensified that the United States could lose its triple-A rating, while renewed caution about the world economy and banks prompted Asian and European stocks to slip.

British-based drug company GlaxoSmithKline is battling the U.S. Internal Revenue Service over a potential $1.9 billion in back taxes, interest and penalties.

Kohlberg Kravis Roberts & Co may take advantage of the U.S. government's infrastructure stimulus plan but is not as keen on buying banks or their troubled assets, the private equity firm's co-founders Henry Kravis and George Roberts told the Financial Times.

The Obama administration has no plans to push General Motors Corp into bankruptcy next week and the outcome of the automaker's restructuring efforts may not be known until a June 1 deadline, a source familiar with the situation said early on Friday.

The dollar fell on Friday to its weakest level in five months against major currencies on fears that the United States would lose its AAA rating, while Asian stocks skidded on fears that any recovery in the global economy will be sluggish.

Stocks slid in a broad sell-off on Thursday as investors, concerned about the U.S. budget deficit, exited dollar-denominated assets across the board.

Singapore's Temasek defended its money-losing exit from Bank of America , saying the U.S.-centric bank did not fit its investment criteria and the risk was perceived to be greater than the expected return.

Bill Gross, manager of the world's biggest bond fund, warned on Thursday the United States will eventually lose its top AAA credit rating, a fear that had already spooked financial markets on Thursday and could keep the dollar, stocks and bonds under heavy selling pressure.

The dollar fell on Friday to its weakest in almost five months against major currencies on investor worries that the United States would lose its AAA rating, though Asian stocks headed for a solid weekly gain.